Atom bank reduces rates across residential range
With immediate effect, rates on the bank’s Near Prime range and the majority of its Prime mortgage range have been cut by 0.10%.
Atom bank has reduced rates across its residential mortgage range.
With immediate effect, rates on the bank’s Near Prime range and the majority of its Prime mortgage range have been cut by 0.10%.
As a result, rates now start at 5.19% on Prime 85% loan-to-value (LTV) products and Near Prime at 60% LTV.
The rate reductions follow recent enhancements to Atom’s lending criteria, including reducing the minimum household income required for customers to qualify for borrowing 5x income.
These updates significantly boost borrowing capacity for eligible customers.
Richard Harrison, head of mortgages at Atom bank, said: “Affordability is a real challenge for many would-be borrowers, and these rate cuts build on our recent LTI improvements to help more customers access the borrowing they need.
“Reducing rates across the vast majority of our products also means brokers can offer their clients even better value across both Prime and Near Prime products.
“While competitive rates are important, so too is speed and certainty.
“Atom bank’s investment in technology has delivered industry-leading turnaround speeds, empowering brokers and their clients to make informed decisions faster.
“Combined with continuous product improvement, we remain committed to making homeownership more accessible at every stage of the property ladder.”
Related
Yorkshire Building Society reduces mortgage rates by up to 0.50%
25% of brokers expect SME borrowing to decline under Burnham premiership – Atom bank
Aspen introduces 85% LTV refurbishment bridge and cuts rates
Principality Intermediaries cuts mortgage rates by up to 0.13%
Afin Bank appoints Kimberley Bennett as mortgage underwriter
House prices remain flat in September amid higher mortgage rates – Lloyds HPI
Sarah Rishworth joins Time Finance as relationship manager
The Right Mortgage adds Gable Mortgages to lender panel
Breeze Capital appoints new leadership team to expand bridging finance offering
Longer mortgage terms could increase financial risks later in life, warns Sprive CEO
StreamBank appoints Barry Carter as CEO
